K Wave Media Regains Compliance with Nasdaq Minimum Bid Price Requirement (Form 6-K)

K Wave Media Regains Compliance with Nasdaq Minimum Bid Price Requirement

NEW YORK, August 19, 2026 - K Wave Media Ltd. (Nasdaq: KWM) (the "Company") today announced that it has received written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).

Nasdaq determined that, for the 10 consecutive business days from August 4, 2026 through August 17, 2026, the closing bid price of the Company's ordinary shares was $1.00 per share or greater. Accordingly, Nasdaq has confirmed that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and that the matter is now closed.

"We are pleased to have regained compliance with Nasdaq's minimum bid price requirement," said Ted Kim, Chief Executive Officer of K Wave Media. "Maintaining our Nasdaq listing is important to the Company and our shareholders as we continue executing our strategic initiatives and pursuing opportunities to enhance long-term shareholder value. The corporate name change to Nexus Advanced Technologies Inc is also expected to be completed by the end of next week and once completed, KWM will start trading under the new ticker "NXAT".

About K Wave Media Ltd.

K Wave Media Ltd. (Nasdaq: KWM) is a publicly traded company focused on pursuing strategic growth opportunities in the AI space and creating long-term value for its shareholders.